There were seven transactions in November. The Annex market continues to slow down, with the increase in listings and fewer buyers willing to accept the higher mortgage interest rates. However, there is an accumulation of new listings that are sitting on the market. We are seeing some excellent buying opportunities for those in the market for Annex century houses. Note that our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss.
Annex Homes Values
There were two house sales in the Annex. There has been a glut of unsold houses in the Annex. Sellers are focused on their prices versus market prices. Buyers are waiting for the sellers to accept today’s values, at which point they will be happy to increase the sales volume.
➤ Check out our top reads for anyone thinking about living in The Annex:
- The Annex Neighbourhood Guide
- How To Adjust Your Home Selling Strategy When Prices Are Falling
- 5 Things You Didn’t Know About Toronto Lofts
Annex Condo Values
There were five Annex condo sales, and there were more listings coming to market than new buyers. A shift is happening in the Annex real estate market, but not as pronounced as Toronto’s downtown core condo values.
Contact us here and read our Annex blogs to learn more about The Annex.
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